American Century Companies Inc. cut its position in shares of Lexington Realty Trust (NYSE:LXP) by 7.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,101,887 shares of the real estate investment trust’s stock after selling 159,368 shares during the quarter. American Century Companies Inc.’s holdings in Lexington Realty Trust were worth $20,283,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in LXP. Adviser Investments LLC acquired a new stake in Lexington Realty Trust during the third quarter worth about $109,000. Ingalls & Snyder LLC acquired a new stake in Lexington Realty Trust during the third quarter worth about $140,000. Cipher Capital LP acquired a new stake in Lexington Realty Trust during the third quarter worth about $155,000. Capital Bank & Trust Co acquired a new stake in Lexington Realty Trust during the third quarter worth about $220,000. Finally, PNC Financial Services Group Inc. grew its position in Lexington Realty Trust by 17.6% during the second quarter. PNC Financial Services Group Inc. now owns 23,372 shares of the real estate investment trust’s stock worth $231,000 after buying an additional 3,504 shares in the last quarter. 73.47% of the stock is currently owned by institutional investors and hedge funds.

Shares of Lexington Realty Trust (NYSE:LXP) opened at $8.16 on Thursday. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.19 and a current ratio of 0.19. The firm has a market capitalization of $1,960.00, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 2.07 and a beta of 0.85. Lexington Realty Trust has a 1-year low of $7.98 and a 1-year high of $11.42.

LXP has been the topic of a number of recent research reports. Ladenburg Thalmann Financial Services reissued a “hold” rating on shares of Lexington Realty Trust in a research report on Tuesday, November 28th. Evercore ISI downgraded Lexington Realty Trust from an “outperform” rating to an “in-line” rating in a research report on Monday, December 11th. Jefferies Group reissued a “hold” rating and set a $11.00 target price on shares of Lexington Realty Trust in a research report on Tuesday, October 24th. Zacks Investment Research downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, ValuEngine downgraded Lexington Realty Trust from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $10.95.

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About Lexington Realty Trust

Lexington Realty Trust is a real estate investment trust (REIT). The Company owns a portfolio of equity and debt investments in single-tenant commercial properties. As of December 31, 2016, the Company had equity ownership interests in approximately 195 consolidated real estate properties, located in 40 states and containing an aggregate of approximately 43.3 million square feet of space, approximately 96.0% of which was leased.

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Institutional Ownership by Quarter for Lexington Realty Trust (NYSE:LXP)

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